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Azerbaijan sees growth in number of customer accounts in banks as of 2020

Finance Materials 18 February 2021 17:27 (UTC +04:00)
Azerbaijan sees growth in number of customer accounts in banks as of 2020

BAKU, Azerbaijan, Feb. 18

By Zeyni Jafarov - Trend:

As of late 2020, the number of client accounts in Azerbaijani banks amounted to more than 21.2 million, which shows an increase of 9.85 percent compared to the indicator for 2019, Trend reports on Feb. 18 referring to the statistics report of the Central Bank of Azerbaijan.

A big part (86.1 percent) in the structure of client accounts accounted for 18.2 million current accounts, which is by 13.4 percent more than as of late 2019. In the structure of current accounts, almost the entire share belongs to individuals (17.9 million).

Credit accounts, which account for 12.9 percent in the structure of client accounts, amounted to 2.72 million, while the share of deposit accounts accounted for 1.02 percent or about 217,000.

The number of bank clients by late 2020, having increased by 13.2 percent, amounted to 9.07 million while 8.9 million of them are individuals.

Some 26 banks are currently operating in Azerbaijan, two of which are state-owned and 24 - private.

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